Mitsubishi Motors UK has continued its strong business performance posting a 3% sales increase for the month of August and a 16% increase for the year compared to 2003.
Mitsubishi Motors has released the first picture of its top of the range 150bhp Colt from the all-new 3-door Colt CZ3 range. Due to go on sale early 2005 the Colt CZ3 range will include the Colt CZT turbo charged variant.
Mitsubishi Motors Corporation has appointed Tim Tozer as President and CEO of its Amsterdam-based subsidiary Mitsubishi Motors Europe B.V. (MME), effective September 1, 2004.
Mitsubishi Motors is set to ask affiliated companies and investors to provide even more money as part of its financial rescue package
Mitsubishi Motors Corporation (MMC) has announced plans to rationalise its organization.
Mitsubishi Motors has announced fresh cost cutting measures amid warnings of poor profit expectations.
Katsuhiko Kawasoe, the 69-year old former head of Mitsubishi Motors Corp in Japan, was arrested by Japanese police today.
Mitsubishi Motors has negotiated a $4bn (£2.17bn) rescue package with Japanese and US investors, following the decision by DaimlerChrysler not to invest more turnaround money.
European operations of Mitsubishi Motors Corporation have generated an operating profit of £119m compared to a loss of £-115m in FY2002
Ailing car giant Mitsubishi Motors has negotiated a 450bn yen (£2.24bn) rescue package with Japanese and US investors
DaimlerChrysler looks set to walk away from not one but two of its corporate alliances, casting into doubt future model developments. The carmaker has already closed the door on a venture with Mitsubishi Motors and is now deep in crisis talks with Hyundai
Rolf Eckrodt, the president and chairman of Mitsubishi Motors Corporation, has stepped down
Mitsubishi Motors UK will be fielding a brand new Shogun Warrior 3.2 D-ID three-door model in this year's Goodyear British Off Road Championship
The new recovery plan for Mitsubishi Motors Corp. (MMC) may cost shareholders and creditors as much as Y500bn or $4.8bn, according to the Japanese Nihon Keizai Shimbun newspaper.
Media reports unconfirmed by Mitsubishi Motors say executive VP for overseas sales Steven Torok is stepping down as DaimlerChrysler's trouble-shooting team ponders the cost of turning the firm around.
The Frankfurter Allgemeine Zeitung suggests that the ailing Mitsubishi Motors' revised mid-term recovery plan will require a €2 billion capital injection.
The Malaysian state investment arm Khazanah Nasional has purchased more than half of Mitsubishi Motors' 7.93% stake stock in Proton, recently sold to raise cash. The bank's stake has accordingly risen to 34.3% but it will not make an offer for the remainder of Proton's shares, having been granted a waiver from normal share dealing regulations.
Mitsubishi Motors Corp has sold its 7.93% stake in potential MG Rover joint venture partner Proton for 11bn yen or $99 million, realizing an 8bn profit.
DaimlerChrysler is sending Andreas Renschler, president of the Smart subsidiary this week to lead a firefighting team to help turn around Mitsubishi's losses with a new 'mid-term business plan'.
Mitsubishi Motors Corporation yesterday revised its forecast results for the year ending 31 March 2004 to a loss of 72 billion yen ($675 million).
